Wells Fargo & Company MN reduced its position in shares of Texas Roadhouse Inc (NASDAQ:TXRH) by 0.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 173,218 shares of the restaurant operator’s stock after selling 737 shares during the quarter. Wells Fargo & Company MN owned about 0.24% of Texas Roadhouse worth $9,297,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. BlackRock Inc. increased its holdings in Texas Roadhouse by 0.7% during the 1st quarter. BlackRock Inc. now owns 8,245,455 shares of the restaurant operator’s stock worth $512,785,000 after purchasing an additional 55,174 shares in the last quarter. Neuberger Berman Group LLC lifted its position in shares of Texas Roadhouse by 10.0% during the first quarter. Neuberger Berman Group LLC now owns 2,140,950 shares of the restaurant operator’s stock worth $133,146,000 after acquiring an additional 195,111 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of Texas Roadhouse by 19.0% during the first quarter. Nordea Investment Management AB now owns 1,150,335 shares of the restaurant operator’s stock worth $71,538,000 after acquiring an additional 183,465 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Texas Roadhouse by 2.3% in the first quarter. JPMorgan Chase & Co. now owns 883,189 shares of the restaurant operator’s stock worth $54,925,000 after buying an additional 19,844 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Texas Roadhouse by 10.1% in the fourth quarter. Geode Capital Management LLC now owns 817,532 shares of the restaurant operator’s stock worth $48,806,000 after buying an additional 74,781 shares in the last quarter. 90.15% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently issued reports on TXRH. KeyCorp began coverage on Texas Roadhouse in a research report on Tuesday, July 23rd. They issued a “sector weight” rating on the stock. BTIG Research upgraded Texas Roadhouse from a “neutral” rating to a “buy” rating and set a $64.00 price objective on the stock in a research report on Friday, May 17th. Deutsche Bank assumed coverage on Texas Roadhouse in a research note on Friday, June 28th. They issued a “hold” rating and a $56.00 target price on the stock. Raymond James reissued a “hold” rating on shares of Texas Roadhouse in a research note on Friday, June 21st. Finally, BidaskClub raised Texas Roadhouse from a “sell” rating to a “hold” rating in a research note on Wednesday, August 28th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $62.70.

Shares of NASDAQ:TXRH traded up $1.03 on Friday, reaching $54.34. 100,117 shares of the company traded hands, compared to its average volume of 853,705. The business’s 50-day simple moving average is $52.92 and its 200 day simple moving average is $56.07. Texas Roadhouse Inc has a 52 week low of $48.64 and a 52 week high of $73.28. The stock has a market capitalization of $3.76 billion, a P/E ratio of 24.70, a price-to-earnings-growth ratio of 2.09 and a beta of 0.61. The company has a current ratio of 0.61, a quick ratio of 0.56 and a debt-to-equity ratio of 0.58.

Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Monday, July 29th. The restaurant operator reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.01. The company had revenue of $689.80 million for the quarter, compared to analysts’ expectations of $688.11 million. Texas Roadhouse had a return on equity of 16.30% and a net margin of 5.99%. Texas Roadhouse’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the firm earned $0.62 earnings per share. Sell-side analysts expect that Texas Roadhouse Inc will post 2.29 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Wednesday, September 11th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $1.20 annualized dividend and a dividend yield of 2.21%. Texas Roadhouse’s payout ratio is presently 54.55%.

In other Texas Roadhouse news, insider S. Chris Jacobsen sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $60.00, for a total value of $150,000.00. Following the completion of the sale, the insider now directly owns 21,197 shares in the company, valued at $1,271,820. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gregory N. Moore sold 23,000 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $55.53, for a total transaction of $1,277,190.00. The disclosure for this sale can be found here. 5.89% of the stock is owned by company insiders.

About Texas Roadhouse

Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises Texas Roadhouse and Bubba's 33 restaurants. As of April 29, 2019, it owned and operated approximately 590 restaurants. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky.

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Institutional Ownership by Quarter for Texas Roadhouse (NASDAQ:TXRH)

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